Market economy
A market economy is an economic system in which the prices and quantities for goods and services, and the transactions for buying and selling these items, are decided by the free interaction of supply and demand. This interaction ensures optimal distribution of goods and resources away from the poor and toward the rich and cynical. Increasing government regulation makes pure market economies increasingly rare, but in some areas, such as eBay, or commodities exchanges, the market approaches a pure market economy. Like all other kinds of social purity, Market purity is extremely desirable and always preferable to contamination by inferior strains (see affirmative action). The mechanism of market competition, as in Social Darwinism, ensures the success and inevitable triumph of the most vital elements in a niche population (here, in a given economy)[1].
Its philosophical opposite is nepotism, which rewards intellectual cowardice, laziness, and an entitlement mentality (see Eric Trump).